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1.Explain how each of the following events will influence the demand or supply of red wine, and predict the change in equilibrium price and equilibrium quantity.a. A major health study finds that the antioxidants in red wine may help prevent heart diseases.b. The number of wineries increases.c. Personal disposable income of consumers decrease.d. It is expected that future prices of wine will be higher.e. A big increase in wages occurs for the workers in the wine industry.2. Use the data below to compute answers to the questions that follow.ITEM Amount in billions of Dollars.Consumption expenditure 390Government expenditure 110Imports of goods & services 40Interest and investment income 52Profit of corporations and governmententerprises. 80Income from farms and unincorporatedbusinesses 50Gross investment 180Export of goods and services, 55Wages, salary and supplementary labour income 378Capital consumption allowance 60Indirect taxes less subsidies 75a. Use the expenditure approach to calculate GDP.b. Use the income approach to calculate GDPc. Calculate net domestic product ( At factor cost )d. compute net investment and net export.3. If the civil war decreases labour productivity in Syria, explain what will happen to the followinga. Potential GDPb. Employmentc. The real wage rate.
The company is risk neutral and so maximizes expected profits net of wages.
Desoto seated in a Barcelona cafe drinking absinthe. The painting was done in 1903 and valued then at $600. If the painting was owned by the same family until its sale in 1995, what rate of return did they receive on the $600 investment?
The table below contains data from the Bureau of Economic Analysis (BEA) on real GDP in the United States for 1980 to 1984. During this period, the United States experienced economic fluctuations (one recession and periods of economic growth).
A project consists of 20 activities whose duration time estimates in days are given below activity duration activity duration
Calculate output, price and economic profit (show how you get there) and point price elasticity of demand at this output level
Soft selling occurs when a buyer is skeptical of the quality or usefulness of a product or service.Instead of asking for a price, offer to give them the product in exchange for 50% of their cost savings.
Two executives were arrested by authorities for embezzling money for their firm. Short of confusion the only had enough evidence to put them away for 10 Years.
A spike in unemployment rate - the largest in more than 2-decades - increased new concerns Friday that a weak labor outlook, high oil prices and continuing woes in housing and credit markets are leading the United States economy into a painful recess..
Donaldson + son has an ROA of 10 percent, a 2 percent profit margin, and a return on equity equal to 15%. What is the company's total assets turnover?
Important information regarding Price Elasticity of Demand and Total Revenue
What do you regard as the main weaknesses of the Ricardian or Classical model as an explanation of the trade patterns? Why do you regard them as weaknesses?
the owner-manager of good guys enterprises obtains utility from income(profit)and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures. can you set up the problem and derive the ..
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